Why Joby Aviation Jumped 58% This Week
Shares of electric air taxi start-up Joby Aviation (NYSE: JOBY) surged a whopping 57.9% this week through Thursday trading, according to data from S&P Global Market Intelligence.
On Wednesday, Joby achieved an important milestone, receiving a Special Airworthiness Certificate from the Federal Aviation Administration (FAA). That FAA approval means Joby can begin flying its actual production-line air taxi in a real setting.
On the heels of that approval, the company also received a fresh $100 million investment from a major South Korean telecom, lending even further confidence to the early-stage company.
Source Fool.com
